As everyone anticipated the launch of Jio VoLTE feature phone, Reliance Industries chairman, Mukesh Ambani during the AGM announced the launch of the phone at the price of Rs.0. To avoid potential misuse, there is a 100% refundable security deposit of Rs 1,500 which the user can claim the deposited amount after three years by returning the used JioPhone.

Here are some of the highlights of the Mukesh Ambani's Speech

- In just 4 decades, Reliance has grown from a small startup to one of the largest, most admired companies in the world.

- Company's turnover has grown from 70 crores in 1977 to over 330,000 crores today – an increase of nearly 4,700 times

- Our total assets have increased from 33 crores to over 700,000 crores and a multiple of over 20,000 times.

- Above all, market capitalization has multiplied from ten crores to over five lakh crore

- One thousand rupees invested in Reliance shares in 1977 is today worth Rs 16,54,503 – over 1,600 times more valuable

- In simple terms, this means that your money has doubled every two and a half years over the past 40 years

Launch Date and new Reliance Jio disrupted Tariff Plans:

The JioPhone will bring digital freedom for all Indians, it will be available from August 15th for user testing, and pre-booking starts from August 24th. Reliance Jio will provide unlimited data, free voice and SMS on the JioPhone for just Rs 153 per month, it is only 3% of the existing price putting an end to unaffordable data for all Indians forever. The company will also offer similar features for a weekly plan for Rs 54, and a two-day plan of Rs 24. The upfront of Rs.153 will unleash the power of Digital Life in the hands of 1.3 billion citizens of the largest democracy in the world. The telecom firm already has 125 million users since its launch in September last year. Targeting to have 5 million JioPhones and to create a new world record said by Mukesh Ambani.